IOWA CITY Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Iowa City averaged 6.35% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.56% and one month ago for the week of 2024-10-10, the average rate was 6.09%.

    Iowa City's average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.04%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Iowa City 30 Year Fixed Rate 2024-11-14 6.35%
    Iowa City 30 Year Fixed Rate Refi 2024-11-14 6.04%
    Iowa City 15 Year Fixed Rate 2024-11-14 5.96%
    Iowa City 15 Year Fixed Rate Refi 2024-11-14 5.89%
    Iowa City 30 Year FHA 2024-11-14 -0.6%
    Iowa City 30 Year FHA Refi 2024-11-14 -0.1%
    Iowa City 30 Year USDA 2024-11-14 -0.2%
    Iowa City 30 Year USDA Refi 2024-11-14 0.2%
    Iowa City 30 Year VA 2024-11-14 -0.39%
    Iowa City 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within IOWA CITY, IA.

    IOWA CITY Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the IOWA CITY, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Hills Bank and Trust Company 662 6.30% $1,815
    GREENSTATE CREDIT UNION 584 6.28% $1,886
    RESIDENTIAL MORTGAGE NETWORK, INC. 67 6.59% $2,631
    Collins Community Credit Union 33 6.43% $1,942
    MidWestOne Bank 31 6.52% $2,331
    VERIDIAN CREDIT UNION 26 6.33% $2,259
    DHI MORTGAGE COMPANY, LTD. 22 5.78% $3,888
    CBI Bank & Trust 16 7.11% $2,575
    IOWA BANKERS MORTGAGE CORPORATION 16 6.52% $1,780
    U.S. Bank 14 6.49% $2,297
    QUICKEN LOANS, LLC 14 6.46% $8,231
    UNITED WHOLESALE MORTGAGE, LLC 9 7.07% $7,030
    JPMorgan Chase Bank 8 6.39% $2,184
    LINN AREA 8 5.97% $2,136
    DUPACO COMMUNITY 8 6.16% $2,267
    HOMESIDE FINANCIAL, LLC 6 7.14% $3,925
    The Huntington National Bank 6 6.25% $3,786
    Ohnward Bank & Trust 5 6.45% $2,091
    Two Rivers Bank & Trust 5 6.80% $1,342
    RUHL MORTGAGE, LLC 5 6.17% $2,277
    Wells Fargo Bank 5 7.08% $2,758
    BROKER SOLUTIONS, INC. 4 6.72% $4,676
    COMMUNITY 1ST CREDIT UNION 3 6.58% $2,556
    OPEN MORTGAGE, LLC 3 6.67% $8,432
    Bankers Trust Company 3 5.75% $2,246
    FLAT BRANCH MORTGAGE, INC. 3 6.37% $4,079
    BMO Harris Bank 2 6.94% $4,495
    Busey Bank 2 6.69% $2,495
    GUARANTEED RATE, INC. 2 7.35% $3,933
    PENNYMAC LOAN SERVICES, LLC 2 6.81% $7,853
    NAVY FEDERAL CREDIT UNION 2 5.81% $1,932
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.12% $4,874
    Farm Credit Mid-America, ACA 2 7.13% $7,984
    HOMESERVICES LENDING, LLC 2 5.88% $5,865
    DAS Acquisition Company, LLC 2 6.25% $2,934
    Luana Savings Bank 2 6.81% $1,608
    Fidelity Bank & Trust 2 6.61% $2,096
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $4,629
    NEXERA HOLDING LLC 1 10.88% $13,359
    North American Savings Bank, F.S.B. 1 7.88% $5,316
    Northwest Bank 1 5.50% $3,832
    Old National Bank 1 6.38% $2,162
    Paramount Residential Mortgage Group, Inc. 1 7.13% $3,365
    PHH Mortgage Corporation 1 7.25% $4,853
    Regions Bank 1 5.88% $2,512
    Stifel Bank and Trust 1 5.75% $2,099
    The Central Trust Bank 1 6.00% $2,672
    Truist 1 5.99% $2,767
    USAA Federal Savings Bank 1 7.13% $1,780
    Waterstone Mortgage Corporation 1 6.50% $10,876
    American Bank and Trust Company 1 7.63% $3,410
    ZILLOW HOME LOANS, LLC 1 7.13% $4,899
    AMERICAN FINANCE HOUSE LARIBA 1 7.70% $4,864
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $6,467
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $8,726
    Ameris Bank 1 6.88% $3,669
    Bank Iowa 1 6.63% $3,635
    Bank of America 1 6.38% $2,288
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,350
    Bell Bank 1 8.63% $4,341
    CALIBER HOME LOANS, INC. 1 6.13% $4,230
    CARDINAL FINANCIAL 1 6.63% $11,575
    Central Bank 1 5.99% $2,491
    Charles Schwab Bank, SSB 1 6.75% $2,099
    CITIZENS EQUITY FIRST 1 5.63% $651
    Commerce Bank 1 5.50% $1,664
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $1,753
    Deere Employees Credit Union 1 6.75% $2,072
    DIRECT MORTGAGE, CORP. 1 6.88% $5,616
    EMBRACE HOME LOANS, INC. 1 6.50% $3,502
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $2,890
    First Dakota National Bank 1 6.13% $2,305
    First Federal Bank 1 6.50% $14,849
    First Interstate Bank 1 6.88% $2,372
    Flagstar Bank, FSB 1 5.75% $7,343
    Fortress Bank 1 6.25% $1,682
    GERSHMAN INVESTMENT CORP. 1 7.13% $2,839
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.50% $2,905
    Great Southern Bank 1 6.13% $3,344
    GUILD MORTGAGE COMPANY 1 7.88% $5,046
    HEARTLAND 1 6.88% $2,367
    Home Federal Bank 1 6.25% $1,701
    I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.00% $2,819
    Lincoln Savings Bank 1 7.12% $2,748
    MICHIGAN MUTUAL, INC. 1 6.88% $2,289
    Morgan Stanley Private Bank 1 5.90% $2,650
    Mortgage Research Center, LLC 1 6.13% $5,742
    National Bank of Commerce 1 6.88% $4,833

    IOWA CITY Average Closing Costs & Other Stats

    IOWA CITY, IA's 88 lenders originated 4,342 loans during 2023. The total origination value was $937,720,000, with an average loan value of $215,965.

    IOWA CITY's average closing costs are $2,191.

    The top IOWA CITY lender as defined by loan originations is Hills Bank and Trust Company, with 662 loans originated. Their average total fees are $1,815, which is $71 lower than the next largest lender, GREENSTATE CREDIT UNION.

    The lowest fee IOWA CITY lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($1,780), Hills Bank and Trust Company ($1,815), GREENSTATE CREDIT UNION ($1,886), Collins Community Credit Union ($1,942) and VERIDIAN CREDIT UNION ($2,259).

    The lowest rate IOWA CITY lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.78%), GREENSTATE CREDIT UNION (6.28%), Hills Bank and Trust Company (6.30%), VERIDIAN CREDIT UNION (6.33%) and Collins Community Credit Union (6.43%).

    IOWA CITY, IA Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Hills Bank and Trust Company $445,530,000 $295,395,000 -33.7% 31.5%
    GREENSTATE CREDIT UNION $441,485,000 $254,135,000 -42.4% 27.1%
    First National Bank of Omaha $345,000 $79,005,000 22,800.0% 8.4%
    RESIDENTIAL MORTGAGE NETWORK, INC. $47,165,000 $41,095,000 -12.9% 4.4%
    MidWestOne Bank $84,935,000 $24,230,000 -71.5% 2.6%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $18,850,000 $16,325,000 -13.4% 1.7%
    VERIDIAN CREDIT UNION $17,685,000 $11,335,000 -35.9% 1.2%
    Collins Community Credit Union $28,370,000 $11,130,000 -60.8% 1.2%
    CBI Bank & Trust $18,330,000 $10,665,000 -41.8% 1.1%
    Washington State Bank $14,735,000 $10,650,000 -27.7% 1.1%
    QUICKEN LOANS, LLC $11,325,000 $8,730,000 -22.9% 0.9%
    DHI MORTGAGE COMPANY, LTD. $2,955,000 $7,745,000 162.1% 0.8%
    U.S. Bank $17,770,000 $7,615,000 -57.1% 0.8%
    West Bank $18,740,000 $5,880,000 -68.6% 0.6%
    Two Rivers Bank & Trust $5,215,000 $4,735,000 -9.2% 0.5%
    Heartland Bank and Trust Company $1,205,000 $4,695,000 289.6% 0.5%
    Mortgage Research Center, LLC $3,740,000 $4,345,000 16.2% 0.5%
    Cedar Rapids Bank and Trust Company $1,955,000 $4,110,000 110.2% 0.4%
    IOWA BANKERS MORTGAGE CORPORATION $9,745,000 $3,935,000 -59.6% 0.4%
    Farmers State Bank $625,000 $3,880,000 520.8% 0.4%
    DUPACO COMMUNITY $3,760,000 $3,830,000 1.9% 0.4%
    LINN AREA $4,725,000 $3,220,000 -31.9% 0.3%
    21ST MORTGAGE CORPORATION $2,145,000 $3,170,000 47.8% 0.3%
    Bridge Community Bank $3,105,000 n/a 0.3%
    Bankers Trust Company $3,665,000 $2,980,000 -18.7% 0.3%
    JPMorgan Chase Bank $2,790,000 $2,850,000 2.2% 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $3,705,000 $2,825,000 -23.8% 0.3%
    RUHL MORTGAGE, LLC $2,295,000 $2,680,000 16.8% 0.3%
    The Huntington National Bank $620,000 $2,600,000 319.4% 0.3%
    Bridgewater Bank $2,555,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $2,340,000 $2,425,000 3.6% 0.3%
    NAVY FEDERAL CREDIT UNION $1,830,000 $2,290,000 25.1% 0.2%
    Mount Vernon Bank and Trust Company $1,370,000 $2,185,000 59.5% 0.2%
    HOMESIDE FINANCIAL, LLC $1,630,000 $1,975,000 21.2% 0.2%
    Central State Bank $12,700,000 $1,830,000 -85.6% 0.2%
    BROKER SOLUTIONS, INC. $1,930,000 $1,810,000 -6.2% 0.2%
    Farm Credit Mid-America, ACA $370,000 $1,780,000 381.1% 0.2%
    COMMUNITY 1ST CREDIT UNION $2,510,000 $1,595,000 -36.5% 0.2%
    Ohnward Bank & Trust $3,060,000 $1,585,000 -48.2% 0.2%
    Federation Bank $3,200,000 $1,515,000 -52.7% 0.2%
    Quad City Bank and Trust Company $1,510,000 n/a 0.2%
    Luana Savings Bank $10,415,000 $1,495,000 -85.6% 0.2%
    First Interstate Bank $12,265,000 $1,465,000 -88.1% 0.2%
    American Bank and Trust Company $2,505,000 $1,335,000 -46.7% 0.1%
    BMO Harris Bank $335,000 $1,310,000 291.0% 0.1%
    Wells Fargo Bank $10,465,000 $1,245,000 -88.1% 0.1%
    Midwest Heritage Bank FSB $870,000 $1,185,000 36.2% 0.1%
    CARDINAL FINANCIAL $1,190,000 $1,170,000 -1.7% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $1,165,000 1,270.6% 0.1%
    BankIowa of Cedar Rapids $3,530,000 $1,130,000 -68.0% 0.1%
    FLAT BRANCH MORTGAGE, INC. $1,130,000 n/a 0.1%
    Old National Bank $1,080,000 n/a 0.1%
    OPEN MORTGAGE, LLC $1,365,000 $1,065,000 -22.0% 0.1%
    NEWREZ LLC $105,000 $1,035,000 885.7% 0.1%
    Grinnell State Bank $1,010,000 n/a 0.1%
    Northeast Security Bank $940,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $1,020,000 $890,000 -12.7% 0.1%
    SENB Bank $255,000 $870,000 241.2% 0.1%
    Morgan Stanley Private Bank $785,000 n/a 0.1%
    Kerndt Brothers Savings Bank $370,000 $760,000 105.4% 0.1%
    Fidelity Bank & Trust $395,000 $745,000 88.6% 0.1%
    HOMESERVICES LENDING, LLC $1,785,000 $690,000 -61.3% 0.1%
    Hiawatha Bank and Trust $685,000 n/a 0.1%
    Regions Bank $345,000 $685,000 98.6% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $670,000 n/a 0.1%
    LOANDEPOT.COM, LLC $3,675,000 $655,000 -82.2% 0.1%
    Paramount Residential Mortgage Group, Inc. $300,000 $645,000 115.0% 0.1%
    MOVEMENT MORTGAGE, LLC $640,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $510,000 $615,000 20.6% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $2,555,000 $615,000 -75.9% 0.1%
    Home Federal Bank $585,000 n/a 0.1%
    Fortress Bank $545,000 n/a 0.1%
    Farmers & Merchants Savings Bank $220,000 $540,000 145.5% 0.1%
    Plains Commerce Bank $785,000 $535,000 -31.8% 0.1%
    Superior Credit Union, Inc. $535,000 n/a 0.1%
    Northwest Bank $2,255,000 $530,000 -76.5% 0.1%
    ZILLOW HOME LOANS, LLC $430,000 $530,000 23.3% 0.1%
    ALLIANT $520,000 $520,000 0.0% 0.1%
    Bank of America $2,110,000 $490,000 -76.8% 0.1%
    AMCAP MORTGAGE, LTD. $155,000 $475,000 206.5% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $665,000 $475,000 -28.6% 0.1%
    Community Savings Bank $1,910,000 $470,000 -75.4% 0.1%
    EMBRACE HOME LOANS, INC. $465,000 n/a 0.0%
    First Federal Bank $445,000 n/a 0.0%
    USAA Federal Savings Bank $2,050,000 $445,000 -78.3% 0.0%
    PLANET HOME LENDING, LLC $645,000 $440,000 -31.8% 0.0%
    First Savings Bank $425,000 n/a 0.0%
    Fairfax State Savings Bank $410,000 n/a 0.0%
    GUARANTEED RATE, INC. $1,145,000 $410,000 -64.2% 0.0%
    Deere Employees Credit Union $1,960,000 $400,000 -79.6% 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $460,000 $390,000 -15.2% 0.0%
    AMERISAVE MORTGAGE CORPORATION $735,000 $390,000 -46.9% 0.0%
    DAS Acquisition Company, LLC $395,000 $390,000 -1.3% 0.0%
    Waterstone Mortgage Corporation $370,000 $385,000 4.1% 0.0%
    Coastal Community Bank $380,000 n/a 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $380,000 n/a 0.0%
    Central Bank $315,000 $375,000 19.0% 0.0%
    FIRST $990,000 $365,000 -63.1% 0.0%
    First Western Bank & Trust $365,000 n/a 0.0%
    EMM LOANS LLC $355,000 n/a 0.0%
    The Central Trust Bank $615,000 $335,000 -45.5% 0.0%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $1,540,000 $325,000 -78.9% 0.0%
    NEXERA HOLDING LLC $325,000 n/a 0.0%
    Citizens Bank $320,000 n/a 0.0%
    AMERICAN FINANCE HOUSE LARIBA $605,000 $315,000 -47.9% 0.0%
    PREMIA MORTGAGE, LLC $225,000 $315,000 40.0% 0.0%
    Truist $360,000 $315,000 -12.5% 0.0%
    Flagstar Bank, FSB $565,000 $300,000 -46.9% 0.0%
    National Bank of Commerce $295,000 n/a 0.0%
    Stifel Bank and Trust $205,000 $295,000 43.9% 0.0%
    Busey Bank $290,000 n/a 0.0%
    DEEPHAVEN MORTGAGE LLC $285,000 n/a 0.0%
    Carrington Mortgage Services, LLC $645,000 $280,000 -56.6% 0.0%
    Chelsea Savings Bank $280,000 n/a 0.0%
    PHH Mortgage Corporation $105,000 $280,000 166.7% 0.0%
    CHURCHILL MORTGAGE CORPORATION $85,000 $270,000 217.6% 0.0%
    UNIVERSAL LENDING CORPORATION $175,000 $265,000 51.4% 0.0%
    First Dakota National Bank $255,000 n/a 0.0%
    GERSHMAN INVESTMENT CORP. $225,000 $255,000 13.3% 0.0%
    Bell Bank $245,000 n/a 0.0%
    ENCORE BANK $245,000 n/a 0.0%
    North American Savings Bank, F.S.B. $325,000 $245,000 -24.6% 0.0%
    The Federal Savings Bank $115,000 $245,000 113.0% 0.0%
    CITIZENS EQUITY FIRST $235,000 n/a 0.0%
    Ixonia Bank $255,000 $235,000 -7.8% 0.0%
    Bank Iowa $25,000 $225,000 800.0% 0.0%
    CALIBER HOME LOANS, INC. $400,000 $225,000 -43.8% 0.0%
    Commerce Bank $365,000 $225,000 -38.4% 0.0%
    FREEDOM MORTGAGE CORPORATION $2,345,000 $225,000 -90.4% 0.0%
    HEARTLAND $215,000 n/a 0.0%
    DIRECT MORTGAGE, CORP. $205,000 n/a 0.0%
    Barrington Bank & Trust Company, N.A. $540,000 $195,000 -63.9% 0.0%
    Magnolia Bank $265,000 $195,000 -26.4% 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.0%
    MLD MORTGAGE INC. $315,000 $185,000 -41.3% 0.0%
    THE FAMILY CREDIT UNION $175,000 n/a 0.0%
    Vibrant Credit Union $1,480,000 $175,000 -88.2% 0.0%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 n/a 0.0%
    Charles Schwab Bank, SSB $155,000 n/a 0.0%
    First National Bank, Ames, Iowa $530,000 $155,000 -70.8% 0.0%
    PLAZA HOME MORTGAGE, INC. $175,000 $155,000 -11.4% 0.0%
    TOWNE MORTGAGE COMPANY $155,000 n/a 0.0%
    Ameris Bank $145,000 n/a 0.0%
    First Central State Bank $70,000 $145,000 107.1% 0.0%
    NEW DAY FINANCIAL, LLC $1,340,000 $145,000 -89.2% 0.0%
    North Shore Trust and Savings $145,000 n/a 0.0%
    Figure Lending LLC $165,000 $135,000 -18.2% 0.0%
    M&T Bank $135,000 $135,000 0.0% 0.0%
    Lincoln Savings Bank $2,930,000 $125,000 -95.7% 0.0%
    Great Southern Bank $115,000 n/a 0.0%
    MICHIGAN MUTUAL, INC. $95,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $150,000 $85,000 -43.3% 0.0%
    ASCENTRA $990,000 $75,000 -92.4% 0.0%
    The Security National Bank of Sioux City, Iowa $355,000 $75,000 -78.9% 0.0%
    DuTrac Community Credit Union $785,000 $65,000 -91.7% 0.0%
    MARINE $250,000 $65,000 -74.0% 0.0%
    Premier Credit Union $65,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $25,000 n/a 0.0%
    Northpointe Bank $965,000 $25,000 -97.4% 0.0%
    Tradesmen Community Credit Union $25,000 n/a 0.0%

    IOWA CITY's top lender by overall market share is Hills Bank and Trust Company, with 31.5% market share. In second place, with 27.1%, is GREENSTATE CREDIT UNION, having originated $254,135,000 in loans. In third place, with 8.4%, is First National Bank of Omaha, having originated $79,005,000 in loans. In fourth place, with 4.4%, is RESIDENTIAL MORTGAGE NETWORK, INC., having originated $41,095,000 in loans. In fifth place, with 2.6%, is MidWestOne Bank, having originated $24,230,000 in loans.

    IOWA CITY Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $297,620 (6.7%) $330,694 (9.4%) 1.10 698
    2018-02-01 $287,738 (2.8%) $325,822 (6.4%) 1.04 814
    2018-03-01 $300,000 (10.7%) $348,102 (15.3%) 1.05 730
    2018-04-01 $316,425 (19.5%) $358,478 (20.2%) 1.07 729
    2018-05-01 $304,950 (12.1%) $350,856 (17.0%) 1.02 780
    2018-06-01 $299,900 (8.1%) $343,284 (12.2%) 1.00 786
    2018-07-01 $288,400 (1.0%) $338,663 (7.4%) 0.96 783
    2018-08-01 $281,900 (-4.4%) $328,975 (1.5%) 0.94 813
    2018-09-01 $281,900 (-5.7%) $348,303 (7.1%) 0.95 854
    2018-10-01 $279,925 (-4.4%) $325,506 (1.2%) 0.95 845
    2018-11-01 $274,675 (-6.9%) $322,036 (-1.6%) 0.93 804
    2018-12-01 $274,900 (-6.3%) $326,923 (-0.2%) 0.95 740
    2019-01-01 $279,450 (-6.1%) $321,034 (-2.9%) 0.97 716
    2019-02-01 $283,400 (-1.5%) $325,837 (0.0%) 0.96 777
    2019-03-01 $278,514 (-7.2%) $327,556 (-5.9%) 0.91 976
    2019-04-01 $271,064 (-14.3%) $320,835 (-10.5%) 0.86 1,199
    2019-05-01 $273,950 (-10.2%) $312,813 (-10.8%) 0.86 1,239
    2019-06-01 $279,000 (-7.0%) $320,811 (-6.6%) 0.87 1,180
    2019-07-01 $279,450 (-3.1%) $319,734 (-5.6%) 0.87 1,103
    2019-08-01 $278,564 (-1.2%) $321,295 (-2.3%) 0.88 1,046
    2019-09-01 $276,559 (-1.9%) $320,082 (-8.1%) 0.89 1,024
    2019-10-01 $274,950 (-1.8%) $317,923 (-2.3%) 0.89 1,001
    2019-11-01 $274,900 (0.1%) $318,401 (-1.1%) 0.90 919
    2019-12-01 $274,900 (0.0%) $315,746 (-3.4%) 0.92 804
    2020-01-01 $274,900 (-1.6%) $309,201 (-3.7%) 0.92 794
    2020-02-01 $274,900 (-3.0%) $308,424 (-5.3%) 0.90 952
    2020-03-01 $269,950 (-3.1%) $306,590 (-6.4%) 0.85 1,207
    2020-04-01 $272,450 (0.5%) $309,717 (-3.5%) 0.85 1,214
    2020-05-01 $275,000 (0.4%) $317,757 (1.6%) 0.84 1,207
    2020-06-01 $278,400 (-0.2%) $326,791 (1.9%) 0.82 1,180
    2020-07-01 $279,700 (0.1%) $326,716 (2.2%) 0.81 1,087
    2020-08-01 $279,900 (0.5%) $328,923 (2.4%) 0.80 997
    2020-09-01 $271,725 (-1.8%) $324,557 (1.4%) 0.78 989
    2020-10-01 $274,900 (0.0%) $324,917 (2.2%) 0.79 936
    2020-11-01 $273,450 (-0.5%) $327,140 (2.7%) 0.80 825
    2020-12-01 $270,100 (-1.8%) $327,863 (3.8%) 0.80 724
    2021-01-01 $279,900 (1.8%) $329,954 (6.7%) 0.84 607
    2021-02-01 $280,491 (2.0%) $336,764 (9.2%) 0.82 739
    2021-03-01 $278,925 (3.3%) $330,589 (7.8%) 0.79 850
    2021-04-01 $280,950 (3.1%) $331,393 (7.0%) 0.76 932
    2021-05-01 $289,900 (5.4%) $337,754 (6.3%) 0.77 939
    2021-06-01 $299,660 (7.6%) $358,097 (9.6%) 0.79 868
    2021-07-01 $289,900 (3.7%) $360,155 (10.2%) 0.76 813
    2021-08-01 $298,450 (6.6%) $369,300 (12.3%) 0.80 731
    2021-09-01 $300,475 (10.6%) $379,646 (17.0%) 0.80 657
    2021-10-01 $298,900 (8.7%) $371,244 (14.3%) 0.80 632
    2021-11-01 $299,900 (9.7%) $374,472 (14.5%) 0.80 619
    2021-12-01 $294,925 (9.2%) $373,611 (14.0%) 0.80 588
    2022-01-01 $310,000 (10.8%) $372,698 (13.0%) 0.84 540
    2022-02-01 $315,950 (12.6%) $372,607 (10.6%) 0.82 603
    2022-03-01 $309,500 (11.0%) $369,964 (11.9%) 0.77 704
    2022-04-01 $315,000 (12.1%) $385,107 (16.2%) 0.75 830
    2022-05-01 $323,725 (11.7%) $393,573 (16.5%) 0.74 822
    2022-06-01 $333,000 (11.1%) $405,526 (13.2%) 0.74 793
    2022-07-01 $339,900 (17.3%) $408,053 (13.3%) 0.77 733
    2022-08-01 $339,900 (13.9%) $403,939 (9.4%) 0.79 660
    2022-09-01 $337,000 (12.2%) $397,801 (4.8%) 0.79 652
    2022-10-01 $339,900 (13.7%) $400,248 (7.8%) 0.80 612
    2022-11-01 $343,000 (14.4%) $410,327 (9.6%) 0.82 597
    2022-12-01 $349,900 (18.6%) $415,590 (11.2%) 0.86 550
    2023-01-01 $359,900 (16.1%) $419,046 (12.4%) 0.89 553
    2023-02-01 $357,450 (13.1%) $422,099 (13.3%) 0.86 611
    2023-03-01 $357,450 (15.5%) $425,499 (15.0%) 0.84 688
    2023-04-01 $354,900 (12.7%) $430,604 (11.8%) 0.83 755
    2023-05-01 $368,495 (13.8%) $446,333 (13.4%) 0.84 754
    2023-06-01 $365,873 (9.9%) $442,838 (9.2%) 0.82 749
    2023-07-01 $365,000 (7.4%) $443,131 (8.6%) 0.83 697
    2023-08-01 $364,900 (7.4%) $440,324 (9.0%) 0.84 680
    2023-09-01 $362,500 (7.6%) $439,491 (10.5%) 0.84 668
    2023-10-01 $349,675 (2.9%) $673,077 (68.2%) 0.82 576
    2023-11-01 $347,500 (1.3%) $432,255 (5.3%) 0.83 563
    2023-12-01 $360,000 (2.9%) $441,369 (6.2%) 0.88 517
    2024-01-01 $362,448 (0.7%) $447,710 (6.8%) 0.89 496
    2024-02-01 $350,000 (-2.1%) $436,306 (3.4%) 0.84 541
    2024-03-01 $349,900 (-2.1%) $424,105 (-0.3%) 0.82 668
    2024-04-01 $344,975 (-2.8%) $415,963 (-3.4%) 0.80 743
    2024-05-01 $357,450 (-3.0%) $429,395 (-3.8%) 0.81 740
    2024-06-01 $365,900 (0.0%) $435,496 (-1.7%) 0.82 759
    2024-07-01 $370,470 (1.5%) $440,384 (-0.6%) 0.85 711
    2024-08-01 $365,000 (0.0%) $440,752 (0.1%) 0.85 664
    2024-09-01 $355,345 (-2.0%) $431,271 (-1.9%) 0.84 680
    2024-10-01 $359,950 (2.9%) $436,931 (-35.1%) 0.85 673
    IOWA CITY's median listing price for 2024-10-01 was $359,950, a difference of $10,275 (2.9%) versus the prior year and $4,605 versus the prior month.

    IOWA CITY's median listing price comes in at 85% of the national average.

    IOWA CITY's average listing price for 2024-10-01 was $436,931, a difference of $-236,146 (-35.1%) versus the prior year and $5,660 versus the prior month.

    For the 2024-10-01 period, IOWA CITY had 673 MLS listings, a difference of -7 listings (-1%) versus the prior month and 97 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 45 days 2,137 sqft
    2018-02-01 40 days 2,131 sqft
    2018-03-01 50 days 2,190 sqft
    2018-04-01 54 days 2,202 sqft
    2018-05-01 60 days 2,179 sqft
    2018-06-01 63 days 2,176 sqft
    2018-07-01 62 days 2,130 sqft
    2018-08-01 65 days 2,106 sqft
    2018-09-01 64 days 2,099 sqft
    2018-10-01 69 days 2,093 sqft
    2018-11-01 77 days 2,060 sqft
    2018-12-01 95 days 2,089 sqft
    2019-01-01 50 days 2,092 sqft
    2019-02-01 42 days 2,090 sqft
    2019-03-01 47 days 2,087 sqft
    2019-04-01 49 days 2,047 sqft
    2019-05-01 55 days 2,046 sqft
    2019-06-01 60 days 2,080 sqft
    2019-07-01 61 days 2,098 sqft
    2019-08-01 61 days 2,088 sqft
    2019-09-01 63 days 2,057 sqft
    2019-10-01 65 days 2,030 sqft
    2019-11-01 79 days 2,030 sqft
    2019-12-01 98 days 2,021 sqft
    2020-01-01 62 days 1,972 sqft
    2020-02-01 40 days 1,941 sqft
    2020-03-01 51 days 1,966 sqft
    2020-04-01 58 days 1,984 sqft
    2020-05-01 68 days 1,998 sqft
    2020-06-01 73 days 2,008 sqft
    2020-07-01 71 days 1,992 sqft
    2020-08-01 70 days 1,988 sqft
    2020-09-01 67 days 1,939 sqft
    2020-10-01 68 days 1,920 sqft
    2020-11-01 76 days 1,950 sqft
    2020-12-01 83 days 1,891 sqft
    2021-01-01 53 days 1,888 sqft
    2021-02-01 39 days 1,846 sqft
    2021-03-01 42 days 1,828 sqft
    2021-04-01 40 days 1,842 sqft
    2021-05-01 47 days 1,852 sqft
    2021-06-01 49 days 1,907 sqft
    2021-07-01 50 days 1,906 sqft
    2021-08-01 50 days 1,868 sqft
    2021-09-01 58 days 1,898 sqft
    2021-10-01 53 days 1,856 sqft
    2021-11-01 51 days 1,845 sqft
    2021-12-01 61 days 1,809 sqft
    2022-01-01 50 days 1,868 sqft
    2022-02-01 47 days 1,876 sqft
    2022-03-01 36 days 1,873 sqft
    2022-04-01 34 days 1,870 sqft
    2022-05-01 44 days 1,935 sqft
    2022-06-01 48 days 1,972 sqft
    2022-07-01 51 days 1,971 sqft
    2022-08-01 56 days 2,005 sqft
    2022-09-01 53 days 2,025 sqft
    2022-10-01 59 days 2,022 sqft
    2022-11-01 68 days 2,096 sqft
    2022-12-01 82 days 2,093 sqft
    2023-01-01 56 days 2,120 sqft
    2023-02-01 40 days 2,112 sqft
    2023-03-01 46 days 2,118 sqft
    2023-04-01 43 days 2,108 sqft
    2023-05-01 44 days 2,186 sqft
    2023-06-01 50 days 2,179 sqft
    2023-07-01 52 days 2,182 sqft
    2023-08-01 52 days 2,177 sqft
    2023-09-01 49 days 2,146 sqft
    2023-10-01 54 days 2,136 sqft
    2023-11-01 58 days 2,119 sqft
    2023-12-01 71 days 2,131 sqft
    2024-01-01 59 days 2,131 sqft
    2024-02-01 46 days 2,119 sqft
    2024-03-01 41 days 2,102 sqft
    2024-04-01 39 days 2,063 sqft
    2024-05-01 43 days 2,130 sqft
    2024-06-01 45 days 2,130 sqft
    2024-07-01 51 days 2,159 sqft
    2024-08-01 57 days 2,146 sqft
    2024-09-01 52 days 2,058 sqft
    2024-10-01 53 days 2,062 sqft
    IOWA CITY's median listing age (time on market) for 2024-10-01 was 53 days. This is -2% shorter than the same period one year ago.

    IOWA CITY's median square footage for active listings during the 2024-10-01 period was 2,062 sqft. One year prior, the average listing was 2,136 sqft.

    IOWA CITY, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 2,707 $724,545,000 $267,656
    Home Improvement 514 $34,740,000 $67,588
    Refi 511 $105,655,000 $206,761
    Other 331 $29,195,000 $88,202
    Cash Out Refi 279 $43,585,000 $156,219

    Iowa City's most frequently cited loan purpose was Home Purchase, with 2,707 originations. The 2nd most popular reason was Home Improvement, with 514 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 1,656 $362,100,000 $218,659
    7-8% 1,019 $127,465,000 $125,088
    5-6% 749 $197,385,000 $263,531
    Over 8% 596 $138,530,000 $232,433
    4-5% 53 $15,065,000 $284,245
    3-4% 27 $11,435,000 $423,519
    <2.5% 16 $1,080,000 $67,500
    2.5-3% 6 $410,000 $68,333

    During 2023, Iowa City's most frequently originated rate bucket was 6-7%, with 1,656 originations.

    Loan Sizing (IOWA CITY, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,613 $74,165,000 $45,980
    $200k-400k 1,305 $358,405,000 $274,640
    $100k-200k 1,072 $159,160,000 $148,470
    $400k-600k 237 $113,325,000 $478,165
    $600k-1000k 93 $66,695,000 $717,151
    $Over $1MM 22 $165,970,000 $7,544,091

    IOWA CITY's loan sizing saw the bucket of loans from $100,000 or less with 1,613 originations, totaling $74,165,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,204 $338,950,000 $281,520
    Under 20% 1,093 $47,915,000 $43,838
    60-80% 858 $319,400,000 $372,261
    20-40% 573 $61,485,000 $107,304
    40-60% 337 $75,475,000 $223,961
    Over 100% 12 $4,470,000 $372,500

    IOWA CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,204 originations, totaling $338,950,000 in origination value.